Price Reduced Listing
Description
Calling All Developers & Investors! Prime multifamily development opportunity in rapidly transforming South Miami-Dade. This ±37,897 SF Residential Modified (RM) parcel is offered primarily for land value and allows up to 90 units per acre by right, with potential for 22 additional workforce housing units and heights up to 12 stories. Located near the Transitway, the site may qualify for stackable parking reductions of up to 75% through administrative approval-no rezoning or public hearings required. Just minutes from the new Transitway station and within walking distance of the transformative $1.5B South Place City Center, future residents can enjoy unmatched access to retail, dining, entertainment, and employment. Nearby are Government Center, Public Library, Cultural Arts Center, Target, Walmart, Publix, parks, and County Fire & Police stations. The property includes a 1,064 SF, 2-bedroom, 1-bath home built in 1940 with minimal contributory value, making it ideal for redevelopment.
Details
| MLS # | A11987037 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 203 |
| Listing Provided By | South Florida Real Estate Grp | Mionsha Gay |
Features
| Zoning | 6262 |
|---|---|
| Acreage | 0.87 |
Exterior
| Lot Features | Less Than One Acre |
|---|
Taxes
| Tax Annual Amount | 1339 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33177 |
| Area | 69 |
| Community Name | RANDOLPH ACRES |
| Listing VS Median (in RANDOLPH ACRES) | |
Price: $1,800,000 low | high Med: $0 On site: 203 low | high Med: | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33177 |
| Area | 69 |
| Community Name | RANDOLPH ACRES |
| Listing VS Median (in RANDOLPH ACRES) | |
Price: $1,800,000 low | high Med: $0 On site: 203 low | high Med: | |